Spec sheet № 08 of 13New YorkMomentum pullbackBeta
Gold Reload: New York gold momentum pullback bot
After a strong, high-volume 5-minute push in gold, it waits for a pullback and joins the move.
In NinjaTrader as NY MGC Pullback
Illustration of the entry rules, not a real or simulated trade and not a result. Hypothetical or simulated performance results have certain limitations (CFTC Rule 4.41). Read the full notice.
Who it's for
Traders who want to join strong gold moves without chasing the candle.
§ 01 How it trades
The rules, in order
- Looks for a 5-minute bar with 1.5 times normal range and volume that closes near its high above the last 10 bars (or the mirror for shorts).
- Places a limit order at a 40% pullback of that bar, good for 15 minutes.
- Stop 1 tick beyond the far end of the signal bar, target at 1.5 times the risk.
- Unfilled orders are cancelled and any trade is closed at 3:00 PM ET.
§ 02 Market context
Joining a push without chasing it
Gold Reload looks for a strong 5-minute bar: 1.5 times normal range and volume, closing near its high above the last 10 bars (or the mirror for shorts). Instead of buying the close, it places a limit order at a 40% pullback of that bar, good for 15 minutes.
If price never pulls back, the order is cancelled and nothing happens. The stop sits 1 tick beyond the far end of the signal bar, and the target is 1.5 times that risk.
When this setup struggles
- The pullback keeps going through the signal bar, which hits the stop.
- Strong moves that never retrace 40%. The order expires unfilled.
- Choppy days with several weak signals.
§ 03 Risk and settings
Risk rules
- One position or working order at a time.
- Daily loss limit, $500 by default, adjustable.
- Flat by 3:00 PM ET.
Before you turn it on
- Load it on a 1-minute MGC or GC chart. It adds the 5-minute series itself.
- One position or working order at a time. Several trades a day are possible.
- The daily loss limit defaults to $500 and is adjustable.
- Unfilled orders are cancelled and any trade is closed at 3:00 PM ET.
Contract size and the other inputs are adjustable in the bot's settings. The defaults are the settings we tested with.
§ 04 Questions
Gold Reload: common questions
How is Gold Reload different from Nasdaq Reload?
The same pullback logic on a different market and payoff: Gold Reload trades MGC or GC with a 1.5× risk target, and Nasdaq Reload trades MNQ or NQ with a target equal to the risk.
What happens if price doesn't pull back?
The limit order expires after 15 minutes and no trade is taken.
How many trades a day?
One at a time, and several per day are possible.
§ 05 Related
Similar bots in the lineup
Nasdaq Reload
After a strong, high-volume 5-minute push in the Nasdaq, it waits for a pullback and joins the move.
See the rules →New York · MGC · GCGold Trap
Waits for gold to break its New York opening range and fail, then trades back the other way.
See the rules →New York · MCLOil Rider
Rides crude oil's US-session trend: buys dips to a rising VWAP and sells rallies to a falling one.
See the rules →Get started
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